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Freshly Minted Unicorns Now a Rare Sighting In Silicon Valley (qz.com)

An anonymous reader shares a Quartz report: Unicorns, start-up companies valued at over $1 billion each, once a rare sighting for investors, have frolicked across Silicon Valley of late. Now the market seems to be yanking on the reins. Venture capital research firm CB Insights reports the number of venture-backed startups achieving a $1 billion or more valuation ground to a halt over the last six months. In the first quarter of 2016, only five new unicorns arrived. That's compared to an average of about 20 per quarter last year. The number of startups worth at least $1 billion has doubled since 2015 to more than 160, says CB Insights. At the same time, the number of such companies accepting "down rounds" or exits with lower valuations is now up. That number exceeded the quantity of new unicorns being created starting in the last quarter of 2015.

5 of 89 comments (clear)

  1. Re:mythical anyway by Anonymous Coward · · Score: 4, Funny

    What's this term "unicorn" in this quote>context? Obviously not a mythical horse with a horn. Make it your habit to explain inside terms and acronyms when submitting summaries, please.

    Furthermore, what's the significance of the first word in TFS ("unicorns") being underlined and a different color?

  2. Just in case by kamapuaa · · Score: 4, Funny

    In case anybody's wondering what a unicorn is (the summary doesn't make it clear), a unicorn is a bisexual person, usually but not always female, who is willing to engage in sexual activities with a couple, without demanding or doing anything that might cause problems or inconvenience to the couple.

    --
    Slashdot: providing anti-social weirdos a soapbox, since 1997.
  3. Re:Not legally worth a billion by Anonymous Coward · · Score: 4, Funny

    Your problem is that you are trying to apply horse sense to unicorns.

  4. Re:Thank God, who cares by Hognoxious · · Score: 3, Funny

    Fragmentation is a pain. What it needs is something that rolls all of them together. That thing is systemd.

    --
    Confucius say, "Find worm in apple - bad. Find half a worm - worse."
  5. Unicorns not as rare as I might think. by ngc5194 · · Score: 5, Funny

    I presume the reason startups with a $1B valuation are called "unicorns" is because they're ostensibly rare, but if we were seeing 20 new ones each quarter in recent years, I propose "raccoons" would be a more apt name.